Won’t Telegram Coins Give Momentum, Tons And Value To Jump 40%?

The altcoin market recorded a strong rally this week with the price of Ethereum successfully hitting the $3,000 mark for the first time since August. Following this, the Toncoin ecosystem experienced a similar trend, adding significant value to the category.

With the ongoing market sentiment, is the Telegram ecosystem on the verge of a breakthrough? In this article, we have covered the market sentiment and short-term price analysis of TonCoin (TON) and NotCoin (NOT) crypto tokens.

toncoin (ton)

Toncoin price continues to show strong price action, increasing by 5.42% in the last 24 hours. Moreover, with a YTD return of +123.86%, this altcoin confirmed the 11th place with a capitalization of 13.692 billion dollars.

Technical indicators RSI and SMA have charted bullish curve in 1D time frame. This suggests that the ton price may continue to gain value next week.

Keeping the price above the support level of $5.155 may lead the price of Toncoin to the higher resistance level of $6.415. On the upside, a bearish reversal could pull the price down to the $4 low support level this month.

Also, read the Toncoin (TON) price forecast!

NotCoin (not)

The price of Notcoin has increased by 17.88% in the last 24 hours with $241.73 million traded. It rose to 14.71 percent last week. This led to a return to the $0.0075 mark.

The MACD indicator has recorded a rising green histogram, the averages of which indicate bullish consolidation. On the other hand, the 50-day EMA is on the verge of experiencing a positive crossover. This shows optimism for the altcoin.

If the market continues to favor the bulls, Notcoin price will retest the important resistance level of $0.009253. Conversely, if the bears outnumber the bulls, the NOT price may retest the critical support trend of $0.004554.

Also read the Notcoin (NOT) price forecast!